USS contribution rate could almost double to fight £18bn deficit

James Phillips
clock • 5 min read

Universities Superannuation Scheme (USS) has reported a technical provisions deficit of between £14.9bn and £17.9bn as of 31 March 2020, and delayed its valuation as it considers how to proceed.

In a valuation update published today (3 March), the scheme said even in the most favourable scenario considered, the overall contribution rate would need to rise from the current level of 30.7% to...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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